Forex Brokers in Spain
Spain is without a doubt one of the EU’s financial powerhouses. It is also a massive country with a massive population, which makes its markets massive as well, regardless of what sort of service or product we’re considering. As such, it is difficult to fathom how such a large economy can be in so much trouble, though according to experts, the adoption of the single currency and the competitive nature of the Eurozone will make short work of explaining that.
Like many of its Mediterranean neighbors, Spain hasn’t found a lot of economic traction lately, though that does not deter a significant portion of its population from taking advantage of the services offered by various Forex brokers. In order to legally offer such services, Fx brokers need to obtain a license from the CNMV (Comision Nacional del Mercado de Valores), which is Spain’s main (and only) financial regulatory agency. Established in the wake of the 1988 Stock Market act (law #24), the CNMV is the sole regulator of the Spanish stock market, and of the various activities involving financial products and services. Updated twice since, the law has expanded the powers of the CNMV, allowing it to set up a fully MiFID -compliant regulatory framework.
While it does not offer regulation/licensing for products such as binary options, the CNMV does in fact regulate Fx trading. Still, the Spanish market accepts all those operators who possess a MiFID license, regardless of where it was obtained.
| Broker | Features | Regulator | Platforms | Next Step | |
|---|---|---|---|---|---|
Founded: 2011 |
- Over 400k Account Registered | CySEC, FSB, IFSC | MT4 & MT5 for PC, Mac, iPhone/ iPad, Android. FXTM WebTrader (MT4) | ||
Founded: 2006 |
- Active 10+ years | ASIC, FSA, FSB, MiFID | MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader | ||
Founded: 2007 |
- Social Trading Platform | CySEC, FCA | eToro OpenBook, eToro WebTrader, eToro Mobile Trader | ||
Founded: 2001 |
- 50% FTD Bonus! (non EU Traders only) | ASIC, CySEC | MT4, Web platform & Easy-forex on mobile | ||
Founded: 2008 |
- $25 no deposit offer(t&c apply) | CySEC, FSB | Markets.com Platform | ||
Founded: 2008 |
Multi Asset Trading Platform | ASIC, CySEC, FCA | Plus500 | ||
Founded: 1983 |
- Well established | ASIC, FCA, MAS | Advantage Web, AT Pro, MT4 | ||
Founded: 2008 |
100% FTD Bonus | CySEC, FSA | MT4 | ||
Founded: 2010 |
- $30 + Deposit Bonus up to $5,000 (t&c apply) | CySEC, FCA | MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader | ||
Founded: 1999 |
- 24/5 Customer support | CySEC | MT4 | ||
Founded: 1996 |
- No Minimum Deposit | ASIC, CFTC, FCA, FFAJ, FSA, IIROC, KLFB, MAS, NFA | fxTrade, MT4 | ||
Founded: 2011 |
- Up to 1:500 leverage with micro-lots (0.01 size) available for everyone | FCA | MT4 and cTrader | ||
Founded: 2002 |
- Forex Pais and CFD Trading | BaFin, CMB, FCA, KNF | xStation, MT4, Mobile | ||
Founded: 2013 |
- No dealing desk executions | CySEC, MiFID | MT4, FXGlobe Web Trader | ||